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Sheepshead Bay Is The Cheapest Neighborhood To Rent In Brooklyn

Sheepshead Bay Is The Cheapest Neighborhood To Rent In Brooklyn

Photo via Streetadvisor

If you’re looking for ‘affordable housing’ in Brooklyn, you might want to look into Sheepshead Bay. According to a new report shared by the NY Post, the average rental for the Brooklyn neighborhood averaged to $1,729/mo.

“Sheepshead Bay is less expensive than most Brooklyn neighborhoods because the commute by subway [B and Q trains] to Manhattan is up to an hour” Jonathan Miller, who prepares market reports for real estate company Douglas Elliman, told the Post.

The southern Brooklyn neighborhood is still a prevalent Eastern European — mainly Russian — but has most recently become more diverse as young people move in.

Flatbush and Sunset Park are also priced in under the borough’s average, with rent prices averaging around $1,796 and $1,977 a month, respectively in September. Brooklyn rents now average nearly $3,200/mo., almost as high as Manhattan.

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